20,123 Shares in HP Inc. $HPQ Bought by MGO One Seven LLC

MGO One Seven LLC acquired a new stake in HP Inc. (NYSE:HPQ) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,123 shares of the computer maker’s stock, valued at approximately $629,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in HP in the second quarter valued at $2,357,757,000. State Street Corp increased its position in shares of HP by 1.5% in the second quarter. State Street Corp now owns 52,843,678 shares of the computer maker’s stock valued at $1,174,855,000 after buying an additional 757,961 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of HP during the 2nd quarter worth $545,984,000. Pacer Advisors Inc. raised its stake in shares of HP by 42.8% during the 1st quarter. Pacer Advisors Inc. now owns 9,145,694 shares of the computer maker’s stock worth $175,689,000 after buying an additional 2,741,438 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of HP by 3.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,736,665 shares of the computer maker’s stock worth $191,682,000 after buying an additional 254,828 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HP

In other news, insider Anneliese Olson sold 18,997 shares of HP stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $32.56, for a total transaction of $618,542.32. Following the completion of the sale, the insider directly owned 169 shares in the company, valued at $5,502.64. The trade was a 99.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David McQuarrie sold 31,572 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the completion of the transaction, the insider directly owned 8,008 shares of the company’s stock, valued at approximately $257,216.96. This represents a 79.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HPQ shares. JPMorgan Chase & Co. raised their target price on shares of HP from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. The Goldman Sachs Group upped their price target on shares of HP from $21.00 to $22.00 and gave the company a “sell” rating in a report on Monday, August 31st. KGI Securities increased their price target on shares of HP from $18.00 to $32.00 in a research report on Thursday, August 27th. Loop Capital raised their price objective on shares of HP from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, August 28th. Finally, Barclays lifted their price objective on HP from $19.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday, August 28th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, HP presently has an average rating of “Hold” and a consensus target price of $26.30.

HP Stock Down 3.2%

HPQ opened at $28.49 on Friday. The firm has a market cap of $25.70 billion, a P/E ratio of 10.88, a PEG ratio of 1.56 and a beta of 1.16. HP Inc. has a 52 week low of $17.56 and a 52 week high of $36.22. The business’s fifty day simple moving average is $31.65 and its 200 day simple moving average is $24.75.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%. The firm had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter last year, the business posted $0.75 EPS. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, equities analysts expect that HP Inc. will post 3.23 EPS for the current fiscal year.

HP Profile

HP Inc is a global technology company that develops and sells personal computing and printing products and services. Its offerings include laptops, desktop computers, workstations, displays, accessories and peripherals, as well as printers, printing supplies and related solutions for consumers, businesses and public-sector customers.

The company organizes its business around Personal Systems and Printing. In addition to hardware, HP provides services and solutions such as device management and managed print services, and it offers technologies for commercial and industrial printing.

HP traces its origins to Hewlett-Packard, founded in 1939 by Bill Hewlett and Dave Packard.